Story Highlights

• Hart had total property sales of £817 millions in 2016
• The total number of properties sold in 2016 was 1,821 properties
• The average sales price in Hart was £449 K
• New Property sales were 14.36% by value, where as Not New 85.64%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike have not had negative impact on Hart Property Market in 2016, there was growth of 6.1 % over 2015

Hart is one of the districts in Hampshire

Total Sales By Property Type

Hart had total property sales of £817 millions, which was 9.01% of the total Hampshire property Market in 2016

The split across the different property types are:

• Detached £382 millions (46.76%)
• Semi-Detached £138 millions (16.92%)
• Terraced £137 millions (16.76%)
• Flat/Maisonette £105 millions (12.84%)
• Other £55 millions (6.72%)

Hart Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £817 millions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £95 millions compared to £66 millions in Feb
• The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

• Brexit took place on 23rd June 2016.
• Year on Year growth has been 6.1% 
• So Brexit and Stamp Duty changes have not had negative impact on Hart Property Market in 2016

Total No Of Properties Sold By Property Type

The total property sales of £817 millions in 2016 was spread over 1,821 properties.

• Detached 623 (34.21%)
• Terraced 410 (22.52%)
• Flat/Maisonette (21.86%)
• Semi-Detached 398 (19%)
• Other 44 (2.42%)

Average & Median Sales Price

The average sales price in Hart was £449 K and for the different property types it was:

• Detached £613 K
• Semi-Detached £400 K
• Terraced £334 K
• Flat/Maisonette £264 K
• Other £1.25 million

Similarly median sales price in Hart was £380 K and for the different property types it was:

• Detached £550 K
• Semi-Detached £380 K
• Terraced £325 K
• Flat/Maisonette £237 K
• Other £320 K

New Vs Not New Property Statistics

By Sales Value the split is as follows:

• New Property contributed £117 millions (14.36%)
• Not New Property contributed £700 millions (85.64%)

By Total Number the split is as follows:

• New properties sold were 303 (16.64%)
• Not new property sold were 1,518 (83.36%).

 All Hampshire Posts